Two Funds Raised Stakes in MercadoLibre Despite Heavy Share Decline

Overview

• SEC filings reported that Ribbit Management bought 22,725 MercadoLibre shares and Moneda S.A. bought 8,653 shares, with transaction values estimated using the quarter’s average closing price.
• The filings show both funds’ quarter‑end MercadoLibre positions rose in value, with Ribbit’s holding increasing by roughly $36 million and Moneda’s position valued at about $42 million after the purchases.
• MercadoLibre’s first‑quarter results showed about 49% year‑over‑year revenue growth and large gains in payments volume and users while operating margins fell as management accelerated spending on logistics, first‑party inventory, free shipping and credit.
• Analysts reacted to the earnings by trimming price targets and the stock has fallen roughly mid‑30s percent over the past year, creating a contrast between recent market skepticism and the newly disclosed buys.
• The purchases represent a vote of confidence in MercadoLibre’s integrated marketplace, payments and credit network and could prompt other investors to reassess the tradeoff between short‑term profits and long‑term market share as the company executes on logistics and fintech expansion.